Egypt Anti-counterfeit Packaging Market Outlook

the demand for anti-counterfeit packaging in egypt has been increasing at an accelerated rate over the past few years due to high levels of counterfeiting in the region. counterfeiting in egypt has been a problem for many years, with products such as pharmaceutical drugs, automotive parts, consumer goods, and even food and beverages being counterfeited. as a result, companies in egypt have been investing heavily in anti-counterfeit technologies and solutions in order to protect their brand and products from counterfeiting. egypt anti-counterfeit packaging market outlook is optimistic and expected to achieve considerable growth during the forecast period 2018 to 2032. companies in the region have become increasingly aware of the financial losses incurred due to counterfeiting, with counterfeit goods having an estimated value of 10%-20% of overall manufacturing output. this has led to companies investing heavily in technology-based anti-counterfeit solutions, such as tamper-evident solutions and rfid tags. egypt's central bank has also taken several steps to combat counterfeiting. in 2015, the bank introduced a multi-channel strategy for authentication of notes and coins. this includes an improved regime for production and tracking of bills, the introduction of special paper and ink, and the use of new-age technology and authentication solutions from international vendors. in addition, the country is beginning to leverage the power of new-age technologies to boost the anti-counterfeiting efforts. for example, the government is now using blockchain technology to increase the security and tracking of government documents. the increasing demand for anti-counterfeit packaging in egypt is also being driven by a growing awareness among the population. customers are now more aware of the perils of counterfeiting, and so companies are taking proactive steps to protect their products with technologies such as holograms, track and trace systems, rfid tags and tamper-evident solutions. overall, the outlook for the anti-counterfeiting market in egypt is optimistic, with rising demand for technologically-advanced solutions to protect products against counterfeiting. companies in the region are investing heavily in anti-counterfeit packaging solutions to protect their products and safeguard their brand identities. as a result, the region is expected to see steady growth in the anti-counterfeiting industry during the forecast period 2018-2032.